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来源类型Working Paper
规范类型报告
DOI10.3386/w17386
来源IDWorking Paper 17386
Some Inconvenient Truths About Climate Change Policy: The Distributional Impacts of Transportation Policies
Stephen P. Holland; Jonathan E. Hughes; Christopher R. Knittel; Nathan C. Parker
发表日期2011-09-01
出版年2011
语种英语
摘要Instead of efficiently pricing greenhouse gases, policy makers have favored measures that implicitly or explicitly subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use: ethanol subsidies, a renewable fuel standard (RFS), and a low carbon fuel standard (LCFS). Our simulations confirm that the alternatives to CAT are quite costly-2.5 to 4 times more expensive. We provide evidence that the persistence of these alternatives in spite of their higher costs lies in the political economy of carbon policy. The alternatives to CAT exhibit a feature that make them amenable to adoption-a right skewed distribution of gains and losses where many counties have small losses, but a smaller share of counties gain considerably-as much as $6,800 per capita, per year. We correlate our estimates of gains from CAT and the RFS with Congressional voting on the Waxman-Markey cap & trade bill, H.R. 2454. Because Waxman-Markey (WM) would weaken the RFS, House members likely viewed the two policies as competitors. Conditional on a district's CAT gains, increases in a district's RFS gains are associated with decreases in the likelihood of voting for WM. Furthermore, we show that campaign contributions are correlated with a district's gains under each policy and that these contributions are correlated with a Member's vote on WM.
主题Public Economics ; Taxation ; Other ; Law and Economics ; Industrial Organization ; Regulatory Economics ; Industry Studies
URLhttps://www.nber.org/papers/w17386
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/575060
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Stephen P. Holland,Jonathan E. Hughes,Christopher R. Knittel,et al. Some Inconvenient Truths About Climate Change Policy: The Distributional Impacts of Transportation Policies. 2011.
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